Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw an uptick in trading volume on Monday . 100,800 shares traded hands during trading, an increase of 16% from the previous session’s volume of 86,879 shares.The stock last traded at $48.18 and had previously closed at $48.09.

Dimensional National Municipal Bond ETF Price Performance

The firm has a 50 day moving average of $48.21 and a two-hundred day moving average of $48.08.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DFNM. Investmark Advisory Group LLC increased its holdings in shares of Dimensional National Municipal Bond ETF by 1.8% during the first quarter. Investmark Advisory Group LLC now owns 21,519 shares of the company’s stock worth $1,035,000 after buying an additional 375 shares in the last quarter. Austin Wealth Management LLC grew its position in Dimensional National Municipal Bond ETF by 5.1% during the 1st quarter. Austin Wealth Management LLC now owns 515,775 shares of the company’s stock worth $24,566,000 after acquiring an additional 25,071 shares during the last quarter. 25 LLC increased its holdings in Dimensional National Municipal Bond ETF by 27.3% in the 2nd quarter. 25 LLC now owns 15,356 shares of the company’s stock worth $734,000 after purchasing an additional 3,289 shares in the last quarter. City State Bank bought a new position in Dimensional National Municipal Bond ETF in the second quarter valued at about $50,000. Finally, Park Avenue Securities LLC boosted its stake in shares of Dimensional National Municipal Bond ETF by 33.7% during the second quarter. Park Avenue Securities LLC now owns 44,455 shares of the company’s stock valued at $2,124,000 after purchasing an additional 11,213 shares in the last quarter.

Dimensional National Municipal Bond ETF Company Profile

The Dimensional National Municipal Bond ETF (DFNM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to intermediate-term, investment-grade municipal bonds that are exempt from federal income tax. DFNM was launched on Dec 15, 2021 and is managed by Dimensional.